TPG Capital Agrees to Acquire GlobeOp Financial Services for $800 Million
By Edward Evans -
2012-02-01T10:40:19Z
TPG Capital LLP agreeed to buy GlobeOp Financial Services SA (GO/), a hedge fund administrator, for about 508 million pounds ($800 million).
The private equity firm will pay 435 pence a share in cash, 49 percent more than the closing price on Jan. 5, the day before GlobeOp said it was in talks to be acquired, TPG said in a statement today.
To contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.net
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